QUALCOMM Incorporated $QCOM Shares Sold by Capital Management Corp VA

Key Points

• Capital Management Corp VA reduced its stake in QUALCOMM by 4.6%, holding 105,401 shares worth $16.79 million after selling 5,083 shares in the second quarter.
• Analysts have given QUALCOMM a consensus rating of "Moderate Buy" with an average price target of $182.82, reflecting a mix of ratings including one Strong Buy and twelve Buy ratings.
• INSIDER activity showed that CEO Cristiano R. Amon sold 150,000 shares for approximately $24.83 million, representing a significant decrease of over 50% in his holdings.

Capital Management Corp VA lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,401 shares of the wireless technology company's stock after selling 5,083 shares during the quarter. QUALCOMM accounts for about 2.9% of Capital Management Corp VA's investment portfolio, making the stock its 13th largest holding. Capital Management Corp VA's holdings in QUALCOMM were worth $16,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC grew its holdings in QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after buying an additional 70 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in QUALCOMM in the 2nd quarter valued at about $32,000. Atticus Wealth Management LLC grew its stake in shares of QUALCOMM by 21,200.0% during the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock valued at $34,000 after acquiring an additional 212 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of QUALCOMM during the first quarter worth about $39,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Mizuho decreased their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Performance

QUALCOMM stock opened at $161.74 on Wednesday. The company has a market cap of $174.52 billion, a PE ratio of 15.60, a P/E/G ratio of 2.36 and a beta of 1.23. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a fifty day moving average price of $160.98 and a two-hundred day moving average price of $153.53. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares of the company's stock, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,767 shares of company stock worth $26,322,745. 0.08% of the stock is currently owned by insiders.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

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